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Report | NJPIRG | Budget, Tax

Offshore Shell Games

Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens – countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity.

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News Release | NJPIRG | Consumer Protection, Financial Reform

GOOD NEWS FOR CONSUMERS AND FIRMS THAT WANT TO PLAY FAIR

"Today’s confirmation of Richard Cordray to head the CFPB for a full term is good news for consumers, and for firms that want to play fair in the financial marketplace."  

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News Release | NJPIRG | Budget, Public Health, Food

Ag Subsidies Pay for 20 Twinkies per Taxpayer, But Only Half of an Apple Apiece

Federal subsidies for commodity crops are subsidizing junk food additives like high-fructose corn syrup, at a rate that would buy 20 Twinkies for each taxpayer every year, according to NJPIRG's new report, “Apples to Twinkies 2013: Comparing Taxpayer Subsidies for Fresh Produce and Junk Food.”

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Report | NJPIRG | Budget, Public Health, Food

Apples to Twinkies 2013

At a time when America faces high obesity rates and tough federal budget choices, taxpayer dollars are funding the production of junk food ingredients. Since 1995, the government has spent $292.5 billion on agricultural subsidies, $19.2 billion of which have subsidized corn- and soy-derived junk food ingredients. These subsidies are all the more egregious at a time when America is facing an obesity epidemic. Children are three times more likely to be obese than their counterparts three decades ago.

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Twenty Top Generic Drugs Delayed By Industry Payoffs

New Jerseyans with cancer, heart disease, epilepsy and other conditions have been forced to pay an average of 10 times more than necessary for at least 20 blockbuster drugs. Brand drug manufacturers have made $98 billion in total sales off the drugs while the generic versions were delayed.

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News Release | NJPIRG | Higher Ed

Congress Votes for Lower Student Loan Rates

 Congress listened to students and their families and delivered a bill that stops student loan interest rates from doubling. Students already face unprecedented student loan debt and adding an additional $1,000 more would not only crunch individual borrowers, but would have further weighed down the recovering economy. We applaud Congress for coming together to pass this much-needed legislation.

 

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News Release | NJPIRG | Health Care

Consumers Win With Supreme Court Ruling

 

“Today’s decision is good news for consumers in New Jersey."

 

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News Release | NJPIRG | Budget, Food

Senate Vote on Farm Bill a Disappointment: Taxpayer dollars still going to Big Ag

“NJPIRG is disappointed in the Senate’s approval of the 2012 Farm Bill, which will send tens of billions of taxpayer dollars to Big Ag. The Senate missed a golden opportunity to tackle the problem of wasteful agricultural subsidies, which have cost taxpayers $260 billion since 1995.  Instead, this bill recommits to taxpayer support for the largest agribusinesses.”

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News Release | NJPIRG Law & Policy Center | Financial Reform

Common-Sense Refinancing Options Could Help 402,431 New Jerseyans and Stabilize Housing Market

Data released today by NJPIRG and the Center for Responsible Lending finds that making it easier for homeowners to refinance their mortgages could give consumers more options, save money, and stabilize New Jersey's housing market. In NJ alone, 402,431 families would qualify, saving them $1.67 billion.

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News Release | NJPIRG | Safe Energy

Court Recognizes Spent Fuel Safety Threat

“We’re pleased the Court recognized that nuclear waste storage poses a significant health and safety threat and the NRC’s storage rules demand further scrutiny.”

"Spent fuel storage is a very real problem for New Jerseyans and Governor Christie was right to challenge the NRC."

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Report | NJPIRG Law and Policy Center | Budget, Transportation

Caution: Red Light Cameras Ahead

Privatized traffic law enforcement systems are spreading rapidly across the United States. As many as 700 local jurisdictions have entered into deals with for-profit companies to install camera systems at intersections and along roadways to encourage drivers to obey traffic signals and follow speed limits.

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Report | NJPIRG Law and Policy Center | Health Care

Making the Grade

When it comes to health care, there are few magic-bullet solutions for the many problems consumers face in the marketplace: insurers don’t compete for their business, leading to higher prices and lower quality. Important information about coverage is buried in the fine print, making it hard to know what’s really covered or which plan is right. And costs are continuing their unsustainable rise.

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Report | NJPIRG Law and Policy Center | Budget

Tax-Increment Financing

Tax-increment financing (TIF) has been a widely used tool for municipalities seeking private investment. TIF allows cities and towns to borrow against an area’s future tax revenues in order to invest in immediate projects or encourage present development. When used properly, TIF can promote enduring growth and stronger communities for blighted neighborhoods; but TIF can also end up wasting taxpayer resources or channeling money to politically favored special interests. 

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Report | NJPIRG Law and Policy Center | Budget, Food, Health Care

Apples to Twinkies

The rise in childhood obesity has many causes, but one of the most important is the increased prevalence of high-fat, heavily sweetened junk food.  And shockingly, American taxpayers are spending billions to subsidize junk food ingredients, making the problem worse.

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Report | NJPIRG | Budget

Toward Common Ground

To break through the ideological divide that has dominated Washington this past year and offer a pathway to address the nation’s fiscal problems, the National Taxpayers Union and U.S. PIRG joined together to identify mutually acceptable deficit reduction measures. This report documents our findings.

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Priority Action

The overuse of antibiotics on factory farms is threatening these lifesaving antibiotics. Call on the Obama administration to put an end to the worst practices. 

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